This week, True Value Co. reported a decrease in both revenue and gross billings, citing unfavorable weather patterns that led to a decline in retail traffic for the first quarter. The co-op posted gross billings of $502 million through the …
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Sears Reports ‘Challenging Quarter’ With 20 Percent Loss
Sears Holdings Corp. reported a 20 percent year-over-year revenue loss in its first-quarter financial results, which the company attributed to having fewer operational stores. The struggling retailer also noted an 11.9 percent decline in comparable store sales. Kmart stores lost sales in …
Read More »Lowe’s Reports Q1 Growth
Lowe’s reported growth in its first-quarter financial results for the year, which the company released Wednesday. The company’s first quarter ended May 5. The big-box home improvement retailer reported sales growth of 10.7 percent over the same period last year, …
Read More »Blish-Mize Executive Chairman Celebrates 55 Years
For many businesses, employee longevity is a rarity. But imagine working at a company for over 55 years, rarely missing any of the last 14,300 days of work. That’s the case for John H. Mize, executive chairman of Blish-Mize. He’s held almost …
Read More »New Products, Services Rolled Out at Do it Best Spring Market
Do it Best Corp. is prepared to offer its retailers any product or service they need. This was evident at the co-op’s spring market, which was held last weekend at the Indiana Convention Center in Indianapolis. The event featured new …
Read More »Sears Sues a Manufacturer, Loses Different Lawsuit
This week, Sears Holdings Corp. filed a lawsuit against one manufacturer and lost a suit brought by a different toolmaker. In a company blog post from May 15, Sears Holdings chairman and CEO Edward Lampert announced that the company would be “taking a …
Read More »Walmart Invests in E-Commerce With Tech Incubator Store No. 8
In late March, Walmart announced its latest technology endeavor, Store No. 8, which was established to incubate startup companies, reports Forbes. According to Forbes, it will fund e-commerce startup companies. “We’ll be bringing in entrepreneurs and giving them capital,” says Jet.com …
Read More »Lowe’s to Buy Texas Distributor for $512M
Lowe’s Companies Inc. announced May 18 that it is buying a Texas distributor in an effort to grow its pro business. The distribution company is Maintenance Supply Headquarters, a supplier of maintenance, repair and operations products for businesses in the multifamily housing industry, according …
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